Bitcoin miners are entering the longest selling period since 2017. Bitcoin miners have entered into an open selling period not seen since 2017, on-chain data indicates. According to an analysis by James Van Stratten, lead analyst at Crypto Slate, dated June 17, the Bitcoin market is now going through a 33 day labor capitulation period, which historically lasts an average of 41 days. Activation of the selling phase by Bitcoin miners The phenomenon of miner capitulation occurs when miners are forced to shut down their machines and/or sell their Bitcoin to avoid huge losses, indicating that their business operations are unprofitable at the same time.

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